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Sector Update: Financial Shares Mixed Pre-Market Ahead of Trade Deficit Data

By: MT Newswires
Posted: 5/6/2014 8:17:00 AM
Referenced Stocks: BCS;UBS;AMH

Top Financial Shares:

JPM: +0.41%

BAC: -0.07%

WFC: -0.02%

C: -0.17%

USB: +0.07%

Financial shares were mixed in pre-market trade Tuesday after a positive trading session Monday and ahead of U.S. trade deficit data.

In financial stocks news, Barclays PLC ( BCS ) has reported Q1 earnings including adjusted EPS decreased of 5.4p, down from 7.5p in Q1 2013. Operating profit of BGP668 million fell from BGP1.32 billion in Q1 2013, and adjusted pretax profit dropped to BGP1.69 billion from BGP1.78 billion in Q1 2013.

And, UBS ( UBS ) shares were up 1.6% at $21.17 pre-market Tuesday after the bank reported Q1 results.

Adjusted profit before tax of CHF 1.5 billion, which was up 97% on the prior quarter. Overall operating income was CHF 7.1 billion. Net profit attributable to UBS shareholders was CHF 1.1 billion, or diluted EPS CHF of 0.27.

Finally, American Homes 4 Rent ( AMH ) reported Q1 FFO of $0.12 and revenue of $77.27 million, both of which were short of the Street view.